Sei Investments Co. Acquires 4,227 Shares of Adobe Inc. $ADBE

Key Points

• Sei Investments Co. has increased its stake in Adobe Inc. by 1.0%, now owning 420,328 shares valued at approximately $161,000.
• Adobe reported earnings of $5.06 per share for the latest quarter, surpassing expectations and showing a 10.6% revenue growth year-over-year.
• Analysts have mixed ratings on Adobe's stock, with an average target price of $467.58 and a consensus rating of "Moderate Buy."

Sei Investments Co. grew its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 420,328 shares of the software company's stock after purchasing an additional 4,227 shares during the quarter. Sei Investments Co. owned 0.10% of Adobe worth $161,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ADBE. Brighton Jones LLC boosted its stake in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock worth $3,588,000 after acquiring an additional 167 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Adobe by 2.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company's stock worth $12,882,000 after buying an additional 756 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Adobe in the fourth quarter worth about $386,000. Gamco Investors INC. ET AL lifted its position in shares of Adobe by 3.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,678 shares of the software company's stock worth $746,000 after purchasing an additional 49 shares during the last quarter. Finally, Cadence Bank lifted its position in shares of Adobe by 0.5% during the 4th quarter. Cadence Bank now owns 4,883 shares of the software company's stock worth $2,171,000 after purchasing an additional 22 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Up 0.8%

Shares of ADBE traded up $2.7010 during midday trading on Tuesday, hitting $359.9410. The stock had a trading volume of 1,782,868 shares, compared to its average volume of 3,781,458. The firm has a market cap of $152.69 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. The company has a 50 day simple moving average of $370.66 and a two-hundred day simple moving average of $391.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter last year, the company posted $4.48 earnings per share. Adobe's quarterly revenue was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

ADBE has been the subject of several research analyst reports. Citigroup cut their price objective on Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Stifel Nicolaus cut their price target on Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a report on Friday, June 13th. Robert W. Baird upped their price target on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Monday, June 16th. DA Davidson reissued a "buy" rating and issued a $500.00 target price on shares of Adobe in a report on Friday, June 20th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $480.00 price target on shares of Adobe in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adobe presently has a consensus rating of "Moderate Buy" and a consensus price target of $467.58.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.